Bearish MACD for Home Inns & Hotels Management Inc. (ADR)

Home Inns & Hotels Management Inc. (:ADR)’s (HMIN) MACD indicator has moved into bearish territory with a reading of –1.1303. The Zacks #4 Rank (“Sell”) stock decreased 2.01% to $17.10 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending December 2012 has decreased by 5 cents over the past month to 40 cents per share.